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If anyone wanted to find out what’s wrong with the way housing markets and new housing provision is working throughout major cities in Australia, all they would need to do is talk to former Grattan researchers Jane-Frances Kelly and Paul Donnegan.
In a book they published last year, the pair talk about half of all employment growth within the nation’s five largest cities occurring less than 10 kilometres from the city centre but more than half of all population growth being forced out more than 20 kilometres from the CBD.
Kelly and Donnegan also talked about outer areas within Australia’s biggest cities, where less than 10 per cent of all available employment opportunities throughout the relevant metropolitan area are within within 45 minutes’ drive; about how one in four full-time workers in big cities are being forced to spend more time commuting to and from work than what they spend with their children; about how the average full time job located 20 or more kilometres from the center of Australia’s biggest five cities pays only $56,000 per year as against $77,000 per year for full-time job averages in the CBD; about how the housing market was creating a divide between older homeowners and a younger generation which was either locked out of home ownership or pushed to the fringes of cities; and about how an army of renters is being forced to live in some of the most insecure tenancy arrangements in the world.